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Asking Price:	$345,000 USD USA Dollars
Business for Sale Industry:	Manufacturing: Auto & Transportation
Reason for Selling:	Insufficient working capital to expand
Year Established:	1986
# of Employees:	4 full time
Yearly Revenues:	$443
Yearly Cash Flow:	$120,000
Yearly Gross Income:	$443,068
Monthly Payroll:	$9,419

Business for Sale Overview:

If you love street rods, vintage cars & trucks and know something about manufacturing, this business is for you. The company produces fiberglass replicas of steel parts for several makes and models of vintage vehicles. The parts are hand made from skilled employees using molds created from the original steel parts. Once painted, they look so authentic you can’t tell the difference. Their customers are auto enthusiasts and restoration shops from all over the world and over 40 dealers. The business was started over 20 years ago and purchased by the current owner in 2005. Under his ownership sales have increased yearly. However, the seller reinvested his earnings in new tools, molds and improved facilities. He is over extended and can’t maintain the proper cash flow to continue the growth. His pain could be your gain!

Property Features and Assets:

A significant amount of shop equipment is included in this purchase as well as specific year molds for running boards, front fenders, rear fenders, grill bars and 56 plus car and truck molds totaling $360,000. There is also a successful web site which includes on on-line catalog. At the end of '07, the shop was relocated to a leased facility with 5000 mfg. sq. ft. & 1675 storage sq. ft. The expansion offers improved ventilation for fabrication, better storage for molds, and optimization for volume production. The access road is unpaved, but will be improved by the city within the next year. It is easily accessible via state highways.

Market Competition and Expansion:

With recent move to a better facilities and investment in equipment and molds, this company is well positioned for growth. By adding a field salesman, more than 30 plus existing dealers could be encouraged to increase their orders and new dealers would be added. Focusing on dealers with higher production part requirements, productivity and profits would increase profits. In addition, more makes and models can be added to the customer base. The shop could easily accommodate other products requiring fiberglass fabrication. Recently a productivity consultant made some excellent suggestions which the owner is trying to implement and will share with the buyer. The competition is more national in scope for these specific parts. Due to the expense involved in producing molds, manufacturers tend to specialize by brands and model years. Loss of revenue to the competition is more a direct result of parts not being immediately available causing buyers to shop based on delivery dates.

Additional Details:

• The property is leased.
• The owner is willing to train/assist the new owner.
• The owner is not willing to work for the new owner.
• This is not a homebased business opportunity.
• This is not a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.